There are currently no widgets assigned to the right-sidebar, place some!
Once you add widgets to this sidebar, this default information will go away.
This theme also uses the WordPress 3.0 Menu system. You probably see the default stuff you have in the menubar. Go to Appearance -> Menu in the wp-admin (dashboard) and create a new menu.
I’m torn between the theory that Varaxunax is finally screwed and the theory that this is all another ploy, part of a well laid plan of Anthem’s.